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Reverse Mortgage rate have come down a ½ point. Mortgage company rate speculators try to “get ahead”. This is not the quarter point we have been waiting for since early 2022. Instead, the rate has gone up for 19 months in a row. I am 50/50 if they will cut it, but if they do it will…

Pitch for Reverse Mortgage: Cost vs. Benefit I understand that considering a reverse mortgage is a significant decision, and it’s natural to have concerns about the costs involved. Let’s walk through how a reverse mortgage can truly benefit you and why it might be the right solution for your financial needs.” Acknowledging the Concerns: “I know…

Mortgage Rate Forecast For 2024: Experts Predict How Much the Mortgage Rate Will Drop. Mortgage rates just can’t seem to get into a sustainable downward groove. After hitting a 2024 high of 7.22% to start May, the average 30-year fixed mortgage rate dropped 19 basis points over the course of the month before rising above…

Newsweek turns eye toward reverse mortgage pros and cons The new column examines potential strengths and weaknesses of reverse mortgages, according to a team judged to be financial experts A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and…

Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors. U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. U.S. Federal Reserve Chair Jerome Powell holds a press…

Today, many of our retired seniors are struggling to make their money last from month to month as inflation has taken a big chunk out of their monthly income! And, many don’t have enough saved and rely solely on Social Security to get by. According to a Federal Reserve study, only 54% of Americans have…

3 Signs You May Be Headed for a Disastrous Retirement A really low savings balance could limit your spending power. An early Social Security claim could leave you cash strapped. A refusal to work might leave you not only low on funds, but bored senseless. The $21,756 Social Security bonus most retirees…

Hold onto your hats because it’s going to be a very big Fed week Markets will gyrate right up until the Fed announces its interest-rate decision. But don’t forget: Apple reports quarterly results on Thursday, and a big jobs report lands on Friday. It may be too much to say the week coming up is…

The traditional reverse mortgage business model has shifted, but is that good? Industry professional Jarred Talmadge explores how the reverse mortgage business model has changed, but questions if that’s for the better? If you listen to the more traditional business mortgage voices, they are talking about untapped markets and underserved clients. They talk about how…

Study reveals pivots amid ticking time bomb for retirement income. Many people approaching retirement fear they don’t have enough and want to turn to alternatives Study reveals pivots amid ticking time bomb for retirement income. Those approaching retirement in Canada and the US are among those facing an impending crisis in their senior years. Following…